2.

Complete the cost of goods manufactured schedule for Marin Company. (Assume that all raw materials used were direct materials.) MARIN COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2027 1 process, January 1 $176,400 materials materials inventory, January 1 materials purchases 132,800 aw materials available for use Raw materials inventory, December 31 19,000 materials used $151,200 abor icturing overhead ct labor 15,200 y depreciation 30,200 y utilities 57,200 manufacturing overhead 102.600 anufacturing costs Ist of work in process ork in process, December 31 68,000 goods manufactured $453,600Cline Manufacturing Company uses a job order system and maintains perpetual inventory records. Indicate the the appropriate account(s) to be debited and credited for the transactions listed below. (On multiple entries enter answers in alphabetical order.) Account(s) Transactions Debited 1. Raw materials were purchased on account. 2. Issued a check to Dixon Machine Shop for repair work on factory equipment. 3. Direct materials were requisitioned for Job 280. 4. Factory labor was paid as incurred. 5. Recognized direct labor and indirect labor used. 6. The production department requisitioned indirect materials for use in the factory. 7. Manufacturing overhead was applied to production based on a predetermined overhead rate of $8 per labor hour. 8. Goods that were completed were transferred to finished goods inventory. 9. Goods costing $80,000 were sold for $105,000 on account. 10. Paid for raw materials purchased previously on account.Sandhill Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost January -0- 42,000 12,000 40 % March -0- 48,000 9.600 75 July -0- 54,000 19.200 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. Materials Conversion Costs January March JulyThe Kirkland Department of Bridgeport Company began the month of December with work in process inventory of 3.440 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 8,600 units. Ending work in process inventory contains 4.880 units that are 100% complete as to materials and &0% complete as to conversion Costs. Compute the equivalent units of production for materials and conversion costs for the month of December. Equivalent Units of Production QUANTITIES Physical Units Materials Conversion Costs UUnits to be accounted for Workin process inventory, 12/1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, 12/31 Total units accounted for Cullumber Co. has 2 product with 2 unit s=lling price of 3750, variable cost per unit $425, and fixed costs of $523.250. Compute the company's break-even sales units and =ales dollars. In sales units In sales dollars Brezk-even point b Sandhill, Inc. reported actual sales of $2,130,000 and fixed costs of $383,400. The contribution margin ratio is 25%. Compute the company's margin of safety in dollars and the margin of safety ratio. Margin of safety in sales dollars Margin of safety ratio %Blossom Company has three product lines in its retail stores: books, videos, and music. The allocated fixed costs are based on units sold and are unavoidable. Demand of individual products is not affected by changes in other product lines. Results of the fourth quarter are presented below: Books Music Videos Total Units sold 800 1,600 1,600 4,000 Revenue $19,200 $38,400 $24,000 $81,600 Variable departmental costs 12,000 17,600 18,400 48,000 Direct fixed costs 2,400 4,800 3.200 10,400 Allocated fixed costs 3,520 7,040 7,040 17,600 Net income (loss) $1,280 $8,960 $(4,640) $5,600 Prepare an incremental analysis of the effect of dropping the Video product line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Karen Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $456,000 for April and $547,200 for May. Cost of goods sold is expected to be 65% of sales. The company's desired ending inventory is 20% of the following month's cost of goods sold. Compute the required purchases for April. Karen Wholesalers Purchases Budget V V V V V V VMartinez Inc. provided the following information: April May June Projected merchandise purchases $90.500 $83,000 $65,000 . Martinez pays for 30% of merchandise purchases in the month of the purchase and 70% in the following month. . General operating expenses are budgeted to be $30,000 per month of which depreciation is $3,300 of this amount. Martinez pays operating expenses in the month incurred. . Martinez makes loan payments of $4,500 per month of which $600 is interest and the remainder is principal. Calculate budgeted cash disbursements for May. Total budgeted cash disbursementsBlossom Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Budgeted Budgeted Unit Quantity Sales Price Product A 44,600 $7 Product B 50,300 $9 During June, the company actually sold 41,300 units of Product A at an average unit selling price of $7.10 and 54,200 units of Product B at an average unit price of $8.90. Prepare a Sales Budget Report for the month of June for Blossom Company which shows whether the company achieved its planned objectives. BLOSSOM COMPANY Sales Budget Report For the Month Ended June 30, 2022 Difference Favorable (F) Unfavorable (U) Product Line Budget Actual Not Applicable (NA) Product A $ $ $ Product B Total Sales SThe management of Whispering Winds Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $879,600. It had net cash provided by operating activities of $647,500, paid cash dividends of $80,900, and had capital expenditures of $282,300. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow